Understanding the Disbursement Quota Rules

Understanding the Disbursement Quota Rules

Navigating the complexities of Canadian charity laws and regulations can be a daunting task for staff and boards of small to medium-sized charities. It is critical, however, that charities understand the Disbursement Quota (DQ) rules, which dictate how much of a charity’s resources must be allocated to its charitable activities each year. With recent changes…

Canada’s Charities Deserve Better: A Call for Improved Fiduciary Oversight

Canada’s Charities Deserve Better: A Call for Improved Fiduciary Oversight

Canada’s charitable sector plays a crucial role in the fabric of our society, from food banks and shelters to hospitals and universities. Despite their essential contributions, many charities could enhance their financial management, particularly in terms of fiduciary oversight of their investments. Ensuring proper management of these funds is not just a matter of good…

So What Exactly Is an Endowment? Understanding the Basics and Beyond

So What Exactly Is an Endowment? Understanding the Basics and Beyond

Introduction We often hear about charities having endowments or endowment funds, but what exactly does this mean? In this article, we’ll demystify endowments, explore their benefits, and discuss how they can be effectively managed to support your charity’s mission. Definition of an Endowment Traditional Definition: Traditionally, an endowment refers to funds that are held permanently…